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Dream home / Bridging loan / Refinance

Dream home / Bridging loan / Refinance

Dream home – found! Current home – not sold!

The challenge

The clock was ticking! An existing client of ours recently found their dream home however was still in the process of selling their current home and didn’t want to miss out, especially with other competing bids.

The solution

• Second charge bridge on current residential.
• First charge bridge on onward residential.
• First charge bridge on an unencumbered buy to let.
• Found a lender who could refinance as soon as the current residential sold (most lenders require ownership of minimum 6 months, meaning potentially unnecessary bridging finance costs).
• Found a lender who could raise more than enough to clear the remaining bridge once the current residential property sold.

After thought

Even if you are tied into a mortgage on your current property, don’t pass up the opportunity to live in your forever home! With access to over 150 different lenders, we can a range of options to help fit your circumstances, using various ways of structuring your transaction.

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David was absolutely amazing, from helping us find the right mortgage, to advising us, to being on hand for silly questions we had. Nothing was too much trouble for him. I will absolutely be recommending him to our friends.

Frederica Turner

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